High Rates Being Felt Thanks To 2 Years Of Fed Hiking

The fading consumer and high rates are now being felt because we’re nearly two years into the Fed hiking cycle, notes John Davi. He discusses how futures are higher after a slight decrease in CPI. He talks about how this year we had an economic expansion and an earnings recession which is rare. He highlights that we’ve been in a bear market for 2 years now, and last year was a bear market for unprofitable tech/growth stocks; this year it’s in long dated bonds. He also suggests that we are late cycle from an economic standpoint but still have ways to go in the inflation cycle. Tune in to find out more about the stock market today.